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Cord Blood America, Inc. (CBAI.OB), the umbilical cord blood stem cell preservation company announced that it has acquired the assets of CureSource, Inc., a private umbilical cord blood storage company headquartered in Charleston, South Carolina.

CureSource(TM) currently serves families throughout the U.S. “We are pleased with this transaction because Cord Blood America believes, as we do, in affordable service and taking care of the needs of the families,” said CureSource Chairman Donald P. DeLuca, Sr.

Chairman and CEO Matthew Schissler said,”The CureSource transaction provides us with additional customers, and with a new territory to broaden the sales channels that the CureSource staff vigorously developed. This transaction extends Cord Blood America’s geographic reach and ensures that we are one of the companies coming out on top as the industry consolidates. We view this as another major positive for our Company and our investors.”